Moscow Digs In as Western Sanctions Mount Over Ukraine -- Update

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Gregory L. White, Anton Troianovski and Laurence Norman Pro-Russia rebels in eastern Ukraine saw some of their worst battlefield setbacks in weeks Monday as the West agreed on tougher sanctions aimed at forcing Moscow to cut support for the ...

City, State Seek Dismissal of Suit Challenging Property-Tax System

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Josh Barbanel The city and state have moved to dismiss a challenge to the city's property-tax system by black and Hispanic renters. The plaintiffs contend that rental buildings are taxed at higher rates than co-ops, condos and private houses, ...

Airbus Completes Acquisition of Germany-Based Salzburg Munchen Bank

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Marion Halftermeyer PARIS--Airbus Group (AIR.FR) said Tuesday that it completed the acquisition of Salzburg Munchen Bank AG through a share purchase agreement that will allow the French aircraft manufacturer to establish its own in-house bank. With its own bank, ...

European Stocks Slip as Investors Seek Safe-Harbor Assets--Update

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Josie Cox Investors clambered for safe-harbor assets Tuesday, spurred by uncertainty over the breadth and severity of a next round of Russian sanctions, sending German government bonds to their strongest levels on record. The yield on the 10-year German ...

EU Will Add to Ukraine Sanctions List--Update

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Matthew Dalton and Laurence Norman BRUSSELS--The European Union is preparing to add at least five individuals and two entities to its Ukraine sanctions list, for the first time targeting oligarchs who the bloc says are supporting or benefiting from ...

Oil Futures Subdued on Demand Worries

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Eric Yep Crude-oil futures extended losses in Asian trading hours Tuesday as concerns over weak demand offset the impact of sanctions on Russia and additional violence in the Middle East. On the New York Mercantile Exchange, light, sweet crude ...

Moody's Raises Vietnam Credit Ratings; Outlook Stable -- Update

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By WSJ Staff Moody's Investors Service upgraded the ratings of Vietnam on Tuesday, citing the country's emerging track record of macroeconomic stability. The rating firm said it raised the senior unsecured and issuer bond ratings of Vietnam by one notch, ...

Swiss Property Market Starts to Cool

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Neil MacLucas ZURICH--Signs are emerging that the recent price boom in Switzerland's property market is starting to ease as the government, the central bank and banks toughen up their lending rules. House and condominium prices in Switzerland have seen ...

BOJ Ishida Cautious Over Consumption and Exports

TODAY: July 29, 2014 PUB DATE: July 29, 2014

SHIMONOSEKI, Japan--A member of the Bank of Japan policy board on Tuesday sounded a slightly cautious note on the nation's economy as consumption has yet to clearly pick up amid the hangover from the April's sales tax increase and stagnant ...

EU Clears Poland Restructuring Aid to LOT Airlines

TODAY: July 29, 2014 PUB DATE: July 29, 2014

BRUSSELS--The European Union competition authority approved Tuesday a EUR200 million ($268.68 million) aid package the Polish government plans to give LOT Airlines, the troubled national flag carrier. After years of losses, Poland gave LOT a EUR100 million bailout last year. ...

Currency Trading Falls Into Torpor

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By James Ramage, Katie Martin and Josie Cox Currency-trading volume is shrinking at the fastest pace since the financial crisis, the latest sign of the placid conditions that have frustrated traders in markets around the globe this year. The amount ...

CURRENCIES: Dollar Hits 3-week High Against Yen On Nikkei

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Hiroyuki Kachi The dollar rose to a three-week high against the yen in Asia trade Tuesday, buoyed by strength in the benchmark Nikkei stock index and buying related to month-end regular settlement for commercial transactions. The dollar rose to ...

Moody's Raises Vietnam Credit Ratings; Outlook Stable

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By WSJ Staff Moody's Investors Service upgraded the ratings of Vietnam on Tuesday, citing the country's emerging track record of macroeconomic stability. The rating firm said it raised the senior unsecured and issuer bond ratings of Vietnam by one notch, ...

UK Mortgage Approvals Higher Than Expected In June

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Nicholas Winning and Jason Douglas LONDON--The number of loans approved for house purchase in the U.K. rose more than expected to a four-month high in June, a sign the mortgage market is adapting to tougher measures designed to reign ...

BOE Underlines Need for Stronger Global Growth

TODAY: July 29, 2014 PUB DATE: July 29, 2014

LONDON--A pickup in the global economy is needed if the U.K. is to enjoy a durable recovery, one of the Bank of England's top officials said Tuesday. Ben Broadbent, deputy governor for monetary policy, said in a speech in London ...

Argentine Default Drama Nears Critical Stage

TODAY: July 29, 2014 PUB DATE: July 28, 2014

By Taos Turner and Ken Parks BUENOS AIRES--Argentina could make unfortunate history this week if it defaults on its foreign debt for the second time in 13 years as a showdown with creditors comes to a head. When Argentina last ...